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Financial help for apprentices and trainees

Apprenticeships and traineeships are a great way to earn while you learn, but on top of that there are ways you can get a bit of additional support.

Trade support loans

Trade support loans are loans of up to $20,000 that can be paid to you while you complete your apprenticeship.

With a trade support loan you can borrow a certain amount of money for a four-year period, starting with a maximum of $8000 in your first year, reducing gradually down to a maximum of $2000 in your fourth year, and totalling $20,000 over the four years.

The money that you borrow is automatically paid back as part of your tax assessment once you start earning what’s called the 'minimum income threshold'. Basically it means you don't have to pay back the loan until you're financially able to do so.

It’s also worth noting that, if you complete your apprenticeship successfully, the amount that you have to repay will be only 80 per cent of what you originally borrowed.

Living Away from Home Allowance

The Living Away from Home Allowance is an allowance for eligible Australian Apprentices of any age. It's designed to help out during your first three years of training if you have to move away from your parents’ or guardians’ home in order to do your apprenticeship.

It’s available to eligible full- and part-time Australian Apprentices and Australian School-based Apprentices during the first three years of your training.

Leadership programs

Group Training Australia runs a leadership program for selected apprentices and trainees called Today’s Skills: Tomorrow’s Leaders. In previous years, apprentices and trainees have met with Federal Government representatives to discuss training and work opportunities.

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